I understand that it’s computers but who owns these computers and can you mine for bitcoins in any location or are certain locations better than others.
In: Technology
Let’s say someone is trying to hack your password by trying every single combination, it’ll take forever to guess the password, but it’s easy to confirm that the password is correct once you find it.
Each bitcoin comes with an undiscovered password and if you can prove you’re the first one to find the password you get the coin.
Of course bitcoins have some math problem instead of something as simple as a password, but that’s basically it.
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